Hallenstein Glasson says FY profit edges up as Glassons maintains sales growth

Hallenstein Glasson says FY profit edges up as Glassons maintains sales growth
Paul McBeth
By Paul McBeth Aug. 12 (BusinessDesk) - Hallenstein Glasson Holdings said annual profit rose about 2 percent as its womenswear chain maintained sales momentum on both sides of the Tasman but its menswear stores struggled.  The company said net profit was $27.7-28.2 million in the 12 months ended Aug. 1, with sales up 3.3 percent at $286.7 million. Last week, the retailer said it will also book a $1.1 million gain on the sale of a downtown Wellington property.  "Sales growth was maintained throughout the second half of the year for both...

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